Vietnam, Australia look to jointly create valuable chains
Australian and Vietnamese experts gathered at a workshop in the Central Highland province of Gia Lai on April 4 to discuss ways to create important valuable chains for the two economies.
Australian and Vietnamese experts at a workshop (Source: VNA)
Gia Lai (VNA) – Australian and Vietnamese experts gathered at aworkshop in the Central Highland province of Gia Lai on April 4 to discuss waysto create important valuable chains for the two economies.
Addressing the event, Chairman of the provincial People’s Committee Vo NgocThanh said the event is expected to help connect Australian investors and businessesin the province to join the global value chain in the framework of theComprehensive and Progressive Agreement for Trans-Pacific Partnership(CPTPP).
He also called on foreign and domestic investors to explore cooperation andinvestment opportunities in Gia Lai to fully tap its potential.
Thanh introduced the province’s policies and mechanisms designed to assistinvestors and businesses, voicing his hope that investors will bring newvitality to the province, stimulate local comprehensive development, thusrealising its goal on sustainable poverty reduction.
Severalresearch projects on hi-tech agricultural production and potential investmentoptions were made public at the workshop.
NguyenHuu Minh from Australian Newcastle University suggested the processing of gacfruit (Momordica cochinchinensis) in Vietnam to produce supplementary food. Heexplained that the fruit is abundant in Vietnam, and together with green tea andturmeric, products from the fruit can give Vietnam an edge over other importedsupplementary food in the domestic market.
Gia Lai boasts favourable natural conditions to grow long-term industrialplants, with more than 100,000 hectares of rubber, 94,000 hectares of coffeeplants, over 16,000 hectares of pepper, 17,800 hectares of cashew, and 42,000hectares of sugar canes.
The province plans to focus on promoting hi-tech agriculture, agriculturalproduct processing, renewable energy, tourism, and supporting enterprises fromnow to 2020.
Gia Lai also has huge wind and solar power potential, with a capacity estimatedat 1,800 MW and 7,500 MW, respectively.
In the framework of the workshop, the Vietnam – Australia Business Councilsigned memoranda of understanding with the Hoang Anh Gia Lai JSC and An Khetownship on the production of organic gac fruit powder and safe vegetables.-VNA
Dutch businesses have shown interest in Vietnam’s agriculture sector in general and the vegetable processing industry in particular as the industry has grown well in recent years.
The Vietnamese engineering sector aims to engage deeper in global value chain and specialised industries that use advanced technologies to make quality products, under a strategy to develop the sector by 2025 with vision toward 2035 recently approved by the Prime Minister.
Cultivation law should be issued to facilitate plantation and improve values and competitiveness of agricultural products to meet domestic and export demand.
Science-technology is a breakthrough solution to green and high-value agriculture development, said Minister of Agriculture and Rural Development Nguyen Xuan Cuong.
A workshop was held in the Mekong Delta province of An Giang on April 2 to discuss the creation of hi-tech agricultural value chains between Vietnam and Australia.
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This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
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The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Australian and Vietnamese experts at a workshop (Source: VNA) 
